secwatch.observer — SEC 8-K summary
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Issuer:     IZEA Worldwide, Inc. (IZEA)
CIK:        0001495231
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001495231-24-000229
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IZEA Q3 revenue up 12% to $8.8M; net loss widens to $8.8M on $4M goodwill impairment
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- Revenue $8.8M (+12% YoY); Managed Services bookings $7.9M (+11%).
- Net loss $8.8M vs $2.0M loss in Q3 2023; includes $4.0M non-cash goodwill impairment.
- Adjusted EBITDA loss $(2.8)M vs $(1.5)M; total costs up 73% to $18.2M.
- Cash and investments $54.4M; IZZY AI assistant launched on IZEA Flex platform.
- Operational awards won for Barbie campaign and MarTech Breakthrough Award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000229/0001495231-24-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000229/izea-20241114.htm
  HTML page:      https://secwatch.observer/filing/0001495231-24-000229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer